SOURCE: TheDirectory.com, Inc.
September 29, 2011 16:40 ET
TheDirectory.com Turns Profitable as Year Over Year Revenue Surges 346% and Debt Drops $2.8 Million
TAMPA, FL--(Marketwire - Sep 29, 2011) - TheDirectory.com, Inc. (PINKSHEETS: SEEK) today announced that it posted an operating profit during its third quarter for the first time in the history of the Company on record revenue growth.
TheDirectory.com Founder and CEO Scott Gallagher commented, "We're pleased to have turned profitable in less than a year since we launched our expansion plans last November. It's been an exciting year for us so far as we changed our name and ticker symbol, reduced our authorized shares, reduced our total debt by $2.8 Million and continue to prepare for our biggest site launch in our history when version 2.0 of www.TheDirectory.com is launched in the coming months. I firmly believe the new site will be the most complete, user friendly Local search site on the Internet." Gallagher continued, "With our client call volume at new record levels, our best times are clearly in front of us now that we've turned to a profit. Unlike many smaller companies, our business model is proven, profitable and sustainable, we fully expect to become a debt free, very profitable Company in 2012. We'll be hosting our next investor conference call during October as we provide an update regarding the launch date of version 2.0 of TheDirectory.com as well as provide a mid-quarter and year end update to our stockholders."
About TheDirectory.com, Inc.
TheDirectory.com is a diversified Local Internet media Company that owns and operates a network of locally targeted category specific search destinations anchored by its Local business search engine www.TheDirectory.com. Other sites in the network include:www.Podiatrists.com, www.Chiropractor.net, www.Therapists.net, www.DentistAppointments.com, www.Dietitians.net and many others. For more information visit the Company's Investor web site www.TheDirectory.tv. Review the Company's financial statements and related filings on www.OTCMarkets.com.
Forward-Looking Statements
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). TheDirectory.com, Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
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